Tata Motors Passenger Vehicles (TMPVL) has published its consolidated financial results for the Q1 FY2027.

The company’s consolidated revenue came at INR 957 billion, representing a 9.3 percent YoY increase, consolidated profit before tax, before exceptional items, stood at INR 16.06 billion, while profit after tax was INR 9 billion, a significant drop of 80 percent YoY.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin came at 7.4 percent, down 130 basis points YoY. Free cash flow for the quarter was negative INR 118 billion on the back of working capital requirements, resulting in a net debt position of INR 422 billion.

Jaguar Land Rover (JLR) reported revenues of GBP 6 billion, a decline of 9.6 percent YoY, with wholesale volumes falling 9.2 percent. JLR's performance was affected by component supply constraints following a supplier fire, Middle East market disruptions and the planned phase-out of outgoing Jaguar models.

Profit before tax, before exceptional items, for JLR decreased by 68.9 percent to GBP 109 million, while profit after tax stood at GBP 66 million. Adjusted EBIT margin fell to 2.8 percent from 4 percent in the prior year, influenced by higher variable marketing expenses, which rose from 4.1 percent to 7.1 percent. Range Rover, Range Rover Sport and Defender models comprised 80.8 percent of JLR's volume mix. Total liquidity for JLR stood at GBP 5.9 billion at the end of the quarter.

In the domestic market, Tata Passenger Vehicles business generated revenue of INR 179.3 billion, representing a 64.8 percent YoY increase. Volume growth for the domestic division reached 46 percent, while electric vehicle volumes grew 112 percent YoY to over 34,000 units. EBITDA margin for the domestic unit stood at 4.3 percent, an increase of 30 basis points, while EBIT margin reached negative 0.5 percent, an improvement of 230 basis points. The domestic operation achieved breakeven profit before tax, supported by a 14.3 percent overall market share and a 39 percent share in the electric vehicle segment.

Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles, said, “Q1 FY27 was a quarter where we focused on carrying forward the growth momentum in the domestic business and preparing for an important transition year at JLR. Some of the challenges of FY26 i.e. supply constraints and elevated commodities / FX continued to impact performance in Q1 FY27. We delivered a resilient quarter and are confident to drive growth through new launches, debottleneck supply constraints, and take focused actions to deliver margin improvements.”

PB Balaji, Chief Executive Officer, Jaguar Land Rover, said, "JLR delivered first quarter profits of £109m and an adjusted EBIT margin of 2.8%. Despite the near-term industry challenges, we continue to see strong demand for our brands and look forward to the launch of four sensational new products in the coming months: Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01. I would like to thank all our people, suppliers and retail partners for their continued dedication, resilience and support.”

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, added, “Q1 FY27 marked a strong start to the year for Tata Motors PV, with industry-beating 46 percent YoY volume growth driven by robust customer demand and the success of our recent launches. Our leadership in electric mobility strengthened further, with record quarterly EV volumes of over 34,000 units and 112 percent YoY growth. The new avatars of Tiago and Punch have received a strong response, with robust bookings across powertrains, reinforcing the strength of our multi-powertrain strategy. We are encouraged by the growing adoption of EVs across segments and the rapid mainstreaming of electric mobility in India. While supply constraints affected Sierra volumes during the quarter, customer interest remains strong and the Sierra.ev has seen a positive response. In Q1 FY27 we delivered a resilient financial performance while being impacted on account of elevated levels of commodity and forex. Supported by a strong order book, exciting product pipeline, sustained demand, and focused margin improvement initiatives, we remain confident of maintaining growth momentum and delivering sequential improvement through the rest of the year.”

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European auto major Stellantis hosted an executive preview event in Paris, introducing six concept vehicles across its brand portfolio ahead of the Paris Motor Show. The reveals span models from Alfa Romeo, Citroën, DS Automobiles, FIAT, Opel and Peugeot, forming part of a broader exhibition featuring over 60 vehicles and nine concept cars across eight corporate brands.

The introduced concepts reflect distinct engineering and design directions for each brand. The Alfa Romeo Cuorerosso concept presents a multi-energy architecture capable of accommodating models up to 4.7 metres in length, including a 2.9-litre V6 full-hybrid powertrain with all-wheel drive.

Citroën unveiled the 2 CV Concept, an electric vehicle targeted for European production at a EUR 15,000 price point. FIAT showcased the Multiplay, a configurable vehicle architecture combining pickup and utility vehicle traits inspired by the original Multipla design.

Opel presented the STX Concept, outlining design elements and lighting signatures for future estate models, while Peugeot revealed the RCZ Vision built on the STLA One platform and featuring steer-by-wire technology alongside updated cabin controls.

DS Automobiles displayed the DS F3VER concept, focusing on vehicle customisation and design parameters for future production models.

Gilles Vidal, Head of Design, Enlarged Europe at Stellantis, said, "With these six concept cars, we are expressing a shared conviction: the future of automotive design must be both bold and meaningful. Each concept explores new ways to enhance everyday experiences while reinforcing the unique identity of its brand. Together, they demonstrate how creativity, innovation and emotion can come together to make people fall in love with cars again."

Antonio Filosa, CEO, Stellantis, said, "This event brings our FaSTLAne 2030 strategy to life. It reflects the extraordinary effort of our teams and our commitment to shaping the future of mobility through iconic brands, compelling design and innovative technology, giving customers more choice and more reasons to be excited about what’s ahead."

Emanuele Cappellano, COO for Enlarged Europe, Stellantis, said, "Stellantis is deeply rooted in Europe and holds a leading position that will be strengthened by the success of all our brands. Stellantis wants to fully leverage the competitive advantage set by its iconic brands’ uniqueness, offering cars that are at once rooted in heritage and future-driven, based on robust know-how and distinguished by their unmatched design beauty, to shape the future of mobility with more than 50 products to be launched by 2030. These achievements, based on the execution of our strategic plan, will enable Stellantis to expand its market coverage in Enlarged Europe by 25 percent."

The concept unveils support Stellantis's broader product development roadmap, which targets the introduction of over 50 vehicle models by 2030 and a 25 percent expansion in European market coverage.

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Chinese premium electric vehicle brand AVATR announced its entry into the European market at an event in Paris, marking the next phase of its global growth plan. The manufacturer will initiate European retail operations in 2027, launching first in Norway and Spain with the AVATR 06T and 07L models.

AVATR operates as a joint initiative combining vehicle manufacturing from Changan Automobile, battery technology from CATL and software engineering capabilities from a technology enterprise, with design operations split between hubs in Shanghai and Munich.

Over the next three years, AVATR plans to introduce six models in Europe across mid-size SUV, large SUV and shooting-brake body styles. The company currently operates in 70 countries and regions, with global sales exceeding 280,000 units. AVATR targets expansion into 110 countries and regions by 2030, projecting overseas sales to represent more than 50 per cent of its total volume.

Justin Li, Head of AVATR Overseas Business, said, "AVATR has been a global brand from the very beginning. Over the next three years, six models will be launched in Europe spanning mid‑size SUVs, large SUVs and shooting‑brake body styles. In 2027, Norway and Spain will serve as AVATR’s European launch markets, where the AVATR 06T and 07L will make their European debut, officially embarking on a new journey for AVATR in Europe."

To establish its European retail and service infrastructure, AVATR has partnered with Nordic automotive importer RSA in Norway. The collaboration will establish two flagship locations in Oslo alongside additional experience centres and regional distribution points across major Norwegian cities. The company is setting up a localised service network, factory training programs and a European spare-parts logistics framework to support maintenance, roadside assistance and battery recycling operations.

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers in the country, has introduced the 2026 Fortuner Leader Edition in India, featuring exterior styling revisions and interior equipment updates.

Bookings for the model open on 12 October 2026 across company dealerships, with ex-showroom prices set at INR 3.65 million for the 4x2 Manual Transmission variant and INR 3.87 million for the 4x2 Automatic Transmission variant.

On the outside, the Leader Edition include the new redesigned front grille design, black rear door garnish, gloss black alloy wheels with matching hub caps, body side mouldings, a hood emblem and a black-finished roof and antenna.

In the cabin, the model features dual-tone black and maroon seat upholstery, matching door trims, ambient lighting and illuminated scuff plates. Additional functional additions comprise auto-folding outside rear-view mirrors and a tyre pressure monitoring system.

Sabari Manohar, Executive Vice-President of Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, "The Fortuner has always represented confidence, capability and a spirit of achievement. With the new Leader Edition of the Fortuner, we are further defining this legacy through exterior enhancements and convenience features that reflect the aspirations of today’s customers. As we continue to align with changing trends, it is our endeavour to continuously evolve the Fortuner experience while staying true to the inherent qualities that have made them iconic. We are confident that the Leader Edition will further strengthen our commitment to delivering ever-better cars and creating Mass Happiness for All."

The model will be offered in three exterior colour options: Super White, Platinum White Pearl and Attitude Black. Toyota offers ownership packages with the vehicle, including a standard three-year or 100,000 km warranty extendable to five years or 220,000 km, 5-years of complimentary roadside assistance, and financing options up to seven years.

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Kia India, one of the leading passenger vehicle manufacturers, has expanded its Assured Buyback Programme to cover internal combustion engine (ICE), hybrid and electric vehicle models.

The programme provides customers with predetermined residual values at the time of purchase to simplify vehicle trade-in and upgrade procedures.

Under the updated terms, eligible internal combustion engine vehicles carry an assured residual value of up to 75 percent after three years, while electric vehicle models offer up to 70 percent over the same timeframe.

The scheme encompasses Kia's product range, including the Sonet, Syros, new Seltos, Carens, Carens Clavis and Sorento across petrol, diesel, CNG, hybrid and electric powertrains.

Atul Sood, Senior Vice-President of Sales and Marketing, Kia India, said, "A vehicle purchase is a long-term decision, and customers increasingly seek greater certainty around future value and upgrade convenience. By expanding our Assured Buyback Programme with industry best resale value of upto 75 percent on ICE and upto 70 percent for EV in 3 years, we are enabling eligible customers to understand their vehicle’s assured residual value at the outset and plan their ownership journey with greater confidence. The initiative reflects our commitment to building enduring customer relationships and delivering consistent value from the first purchase through to the next exchange or upgrade."

The programme offers tenure options of three, four, or five years for ICE models and three or four years for electric vehicles. Annual mileage limits can be set at 10,000 km, 15,000 km or 20,000 km, supporting total usage caps of up to 100,000 km across the contract period. Enrolment is managed through authorised Kia dealerships at the point of vehicle purchase, with guaranteed buyback values executed at the end of the selected tenure subject to contract terms.

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